[billythemaniam]

In an ideal world, regulatory agencies would also spend significant resources on education. Unfortunately many of them don't have enough resources for rule making and enforcement, their primary mandate. However, there are plenty of educational resources outside the agencies. There are lawyers, accountants, professors, consultants, etc who are experts that you can hire. There are classes available, in some cases entire degrees.

The regulations are designed to protected the general public from companies doing the wrong thing in the name of profit even when the intentions of the people running those companies are good. It's a check on the dark side of capitalism. Are sometimes those rules too complicated or too overbearing? Yes! Are there also people out there just to improve that? Yes, and some of them work in the regulatory agencies!

It's a messy, frustrating process that on the whole seems to be doing a decent job. Most people in US have access to clean water, generally don't have to worry about tainted Advil, or worry their life savings are going to evaporate by just storing it in a bank.

I don't know enough about the specifics of the Coinbase suit yet, but the crypto industry in general seems an awful like the banking industry of the 1800s and early 1900s in the US. During that time there were plenty of companies and people doing the right thing, but there were enough bad actors that something needed to be done. The SEC was born.

This is very likely fallout from FTX, but not because of some nefarious plot against crypto but rather the SEC realized there is a financial sector they need to focus on more closely. A SEC lawsuit is also a starting point for a serious discussion, not a criminal indictment. If the SEC believes there has been criminal behavior, they refer that to the DoJ. The likely outcome if Coinbase has been trying to do the right thing is some sort of settlement (fine) + direction on what to do differently. Then Coinbase will continue on like normal with whatever changes the SEC wanted.